The typical employee of The Gap, Inc., the company behind Old Navy, Banana Republic, and Gap clothing brands, earns just under $6,000 a year. Arthur Peck, the company’s CEO, earns as much in about a half hour. While most Gap employees are compensated primarily through wages and salaries, Peck is an exception. Only $1.5 million…
As U.S. companies disclose what they pay typical workers, one thing is clear: A lot can change in a year. Jefferies Financial Group Inc. almost tripled what it paid its median employee last year. Median pay rose by nearly 60% at Macy’s Inc. and by almost a quarter at biotech Celgene Corp. It fell by two-thirds at Coca-Cola Co. and by more than a quarter at…
Discovery Inc. DISCB -1.47% Chief Executive David Zaslav received total compensation valued at $129.4 million in 2018, more than three times his compensation the year before, the company said in a securities filing Friday. The compensation package makes Mr. Zaslav the highest paid U.S. executive of 2018, according to filings so far. His salary in 2018 remained flat at…
The strong U.S. economy has created millions of jobs and pushed up wages for many Americans. It also helped many big-company CEOs secure another raise and total compensation worth $1 million a month. Median compensation for 132 chief executives of S&P 500 companies reached $12.4 million in 2018, up from $11.7 million for the same group in…
Given the amount of expertise, judgment and skill required in hiring a new CEO — to say nothing of time — special retainers for leading a CEO search or executive transition used to be de rigueur. But no longer. A survey conducted by TheCorporateCounsel.net asking if boards had paid a special fee for serving on a CEO…
Citigroup Inc. C -1.72% Chief Executive Michael Corbat received a compensation package valued at $24 million in 2018, a 4% raise from the $23 million he earned in the prior year, according to a securities filing Friday. For the year, he earned a base salary of $1.5 million, unchanged from the prior year, and a $6.75 million cash bonus, up…
No two companies are identical. So why should their compensation plans be? It’s a question that’s frequently being asked by board directors and compensation consultants, especially at this time of year, leading into proxy season, as governance observers are noting an increasing convergence in plan design across the board for companies, such as a heavy…
JPMorgan JPM -0.28% Chase & Co. Chief Executive James Dimon received a compensation package valued at $31 million in 2018, up 5% from $29.5 million in 2017, according to a Thursday securities filing. The CEO earned a base salary of $1.5 million and $5 million in cash, the same as a year ago, and $24.5 million in restricted…
JPMorgan Chase & Co. JPM, -0.28% Chief Executive James Dimon received a compensation package valued at $31 million in 2018, up 5% from $29.5 million in 2017, according to a Thursday securities filling. The CEO earned a base salary of $1.5 million and $5 million in cash, the same as a year ago, and $24.5 million in…
Keeping a job, any job, for 20 years or more is becoming rarer and rarer. The feat may be uniquely treacherous for the chief executive officer of a publicly traded company that is judged on quarterly performance. As goes the company, so goes the CEO’s career. Among the companies that comprise the S&P 500 index,…